real property

70-day waiting period applies to all property

by Boyd Johnson on January 9, 2009

Always serve the Notice to the Commissioner of Human Services as soon as practicable during the commencement of the estate. One of the reasons to do so is that “no property” subject to the administration of the estate may be distributed until 70 days after the notice is served on the commissioner if the decedent received assistance for which a claim could be filed. [See 524.3-801(d)(2) and note below*]

“No property” includes all property, not just real property. It is common to forget this since we are typically most concerned with this statute when real property is being distributed or sold and the proceeds distributed.

*The 70-day restriction only applies if the decedent received assistance. However, even if your personal representative or the decedent’s relatives are certain that the decedent never received assistance, you should serve the notice anyway. The cost is high if they are wrong and you’ll feel better having a letter from the commissioner’s office indicating that there were in fact no claims.

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Is There Real Estate in Your Probate? Expect Junk Mail

by Boyd Johnson on December 23, 2008

Give your personal representative a heads-up if there is real estate listed as probate property in your probate petition. Given the current real estate market conditions, speculators are as ravenous as ever to snatch up property at a discount. Tell the personal representative to expect lots of junk mail from the speculators and to check with you before going too far in a deal with these speculators.

I had one personal representative who received several pieces of mail a week for a while. Judging from the letterhead and content of the speculators’ letters, most of them seemed dubious at best. Proceed with an abundance of caution and provide preventative counsel to your client before it becomes a problem.

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TODD: Grantee’s Address, Revisited

October 1, 2008

Hennepin County has backed-off their previous requirement that a Grantee’s address be included on the Transfer on Death Deed. Since the document is not a conveyance, it is not required. You should still inquire with whichever county you plan on recording the TODD since this document is still very new and there are bound to [...]

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TODD: Forms

September 30, 2008

Several new Transfer on Death Deed UCB forms are now available on practicelaw.org for Minnesota attorneys.

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Nonexoneration

September 15, 2008

What happens when a Will specifically devises real property to a person but the real property is mortgaged? Under Minnesota statutes, the devise passes subject to the mortgage interest existing at the date of death. What if the Will has a clause that says something like, “I direct that my just debts allowed in the [...]

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TODD: Grantee’s Address

September 2, 2008

Until you hear differently, be sure to include the current address of each grantee you include on a Transfer on Death Deed (TODD). Multiple attorneys in the Twin Cities are reporting that metro counties are making this a requirement, even though Minnesota Statutes are silent regarding the matter.

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